Letter from the REDI Chair

REDI Board of Directors and Investors,

This is an unprecedented time. In the last few months, an emerging health crisis has swept across the world and exploded here at home in only the last few days.  Just last week at the REDI Board meeting we were talking about our region’s strong economic future, and even though today seems like chaos, the fundamentals of what makes us a strong, resilient economy are as bright as ever.

The REDI collaboration is made up of our colleagues, our friends and our neighbors.  We are strong because we are a community dedicated to helping everyone thrive, especially in a time of need. We are resilient because when the chips are down, that’s when we work the hardest.

The REDI Executive Committee has been in close contact with Stacey and her team and we are dedicated to supporting them as they continue to pursue REDI’s mission:

To assist in the creation of quality job opportunities that support
upward economic mobility for the residents of Columbia and Boone County.

 What does that mean for us?  Although the REDI offices are closed to the public, the REDI staff is working remotely and will continue to serve our investor organizations, Innovation Hub clients and the region’s businesses. REDI is uniquely situated to help our investors and business community jump-start our economy as it emerges from this crisis. REDI’s vision and strategic plan will be the blueprints we need to build up our community. We will pursue high-paying jobs by attracting new companies to locate here, growing our existing companies, and supporting our entrepreneurs as they create our next generation of successful businesses.

We have an amazing, persistent and tenacious community.  This crisis may knock some of us down, but there are hundreds of hands there to help pick us back up. Please look for opportunities to help the less fortunate in our community by donating time and resources to the charity of your choice. We will continue to update our investors as we have information that we can use to weather this storm.  It is my firm belief that we will look back at this time of challenge as the time we did our best work.  Thank you.

Matt Jenne
Chair, REDI Board of Directors

 

printable file of letter from REDI chair

Click on image for printable file

 

Business to business call in support Mondays 11 a.m.

In an effort to provide support to REDI investors and businesses during this time of crisis, REDI staff have initiated a weekly “Business to Business” conference line call. Board members, investors, Hub clients, company representatives and business owners can call in to share concerns, discuss ideas, offer support to one another, and learn about resources to assist businesses in our community.

When: Weekly on Mondays at 11 a.m., starting March 30

Call: 712-432-6110

Passcode: 531865

We look forward to talking with you.

CORONAVIRUS/COVID-19 BUSINESS RESOURCES

The City of Columbia offers current COVID-19/coronavirus information and resource links at https://www.como.gov/coronavirus/ The City of Columbia Contact Center is available at 573-874-2489.

The Columbia Chamber of Commerce offers updates and business resources at https://columbiamochamber.com/resources/covid-19-resources/

The Columbia Convention and Visitors Bureau offers information on local resources as well as information for visitors and Columbia’s tourism partners at https://www.visitcolumbiamo.com/ 

The District provides a list of businesses open, closed and/or offering curbside pickup at https://discoverthedistrict.com/events/event/district-businesses-open-closed-and-curbside-pickup/

The Loop provides a list of Loop business who are providing food delivery, curbside pickup, phone consultations and online shopping at http://theloopcomo.com/list-of-business-providing-delivery-and-other-options/ Additional information is available at http://theloopcomo.com/

The Local Initiatives Support Corporation (LISC) and Verizon are providing grants to WMBE businesses facing immediate financial pressure because of COVID-19—especially entrepreneurs of color, women-owned businesses and other enterprises in historically underserved communities. Please list Rural LISC and CMCA as the referral entity (these are our local entities). Learn more and link to an application at https://www.lisc.org/covid-19/verizon-small-business-recovery-fund/

The Missouri Small Business Development Center offers resources at https://sbdc.missouri.edu/sbdc-covid-19-resources

Missouri State resources for businesses can be found at opens in a new windowded.mo.gov/coronavirus 

MOSourceLink offers a list of business resources at https://www.mosourcelink.com/l/coronavirus-business-resources

opens in a new windowhttps://jobs.mo.gov/ is State of Missouri resource for individuals that may have lost a job, or looking for new employment. Employers that need to fill positions with qualified workers can also use this site to connect with job seekers. All services are available to job seekers and employers at no cost. The best way to access these Missouri Job Center services during this time is online: opens in a new windowhttps://jobs.mo.gov/

The Missouri Department of Economic Development’s One Start Team hiring portal for people looking for jobs can be found at opens in a new windowhttps://missourionestart.com/now-hiring/  To include your business’s job postings on this list, email to opens in a new windowshelle.jacobs@ded.mo.gov your company name; location of position; company contact with email address; if individual should apply directly to company website to apply (if yes, provide link if possible); if resume needs to be sent and if email of company contact to send it to; position(s) for which the company is hiring (manufacturing, call center, etc); shifts for which are being hired; full-time, part-time or both.

Missouri Enterprises offers information COVID-19 Information for Manufacturers at https://www.missourienterprise.org

A new streamlined SBA Disaster Loan process is available at  opens in a new windowhttps://covid19relief.sba.gov/#/  Small businesses can apply now to get a $10,000 cash advance if they qualify for the Economic Injury Disaster Loan (EIDL).  If they do qualify for the EIDL, but then also qualify for the Paycheck Protection Program (PPP), they then can apply for it and roll the EIDL into the PPP loan.  Businesses can have multiple SBA loans without penalty.  The U.S. Small Business Administration is has made available Coronavirus (COVID-19) Disaster Relief Lending. The Economic Injury Disaster Loan assistance declaration issued by the SBA  makes loans available statewide in Missouri to small businesses and private, non-profit organizations to help alleviate economic injury caused by the Coronavirus (COVID-19).  Applicants will be able to apply online, receive additional disaster assistance information and download applications at opens in a new windowhttps://disasterloan.sba.gov/ela. Read more at https://www.columbiaredi.com/sba-approves-disaster-declaration-for-missouri/  The Women’s Business Center (573-818-2980) and the Small Business Development Center ( opens in a new windowchristianma@missouri.edu) can help with these applications.

The U.S. Senate Committee on Small Business and Entrepreneurship offers information and links to resources at https://www.sbc.senate.gov/public/index.cfm/guide-to-the-cares-act

The National Federation of Independent Business (NFIB) offers an explanation of the Expanded Medical Leave program that was part of the Families First Coronavirus Bill at https://www.nfib.com/content/legal-compliance/coronavirus/coronavirus-paid-sick-leave-and-expanded-family-leave-law-effective-april-1-2020/

The CDC website can be found at https://www.cdc.gov/

 

opens in a new windowCoMoHelps ( opens in a new windowhttps://comohelps.org/ ) is a joint effort of Heart of Missouri United Way, City of Columbia, Boone County, and Community Foundation of Central Missouri to coordinate monetary donations and volunteers in response to the COVID-19 pandemic.

Great Circle is here for our community.  If you know of anyone who may be struggling with the uncertainty of this time, please share our GCHelps line at 1-844-424-3577.  Callers will be triaged and immediately connected to an appropriate Great Circle clinician. This service is available to anyone of any age as part of our Community Counseling program.

Call the Missouri Department of Health and Human Services 24-hour hotline at 877-435-8411, if you are need of immediate help.

 

SBA approves disaster declaration for Missouri

The U.S. Small Business Administration approved Missouri’s request for assistance through the federal agency’s disaster loan program. This move makes low interest disaster loans available to small businesses and private non-profits severely impacted by the Coronavirus (COVID-19).

SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance for each affected small business or non-profit. These loans can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing.

Process for Accessing SBA’s Coronavirus (COVID-19) Disaster Relief Lending

  • The Economic Injury Disaster Loan assistance declaration issued by the SBA today makes loans available statewide to small businesses and private, non-profit organizations to help alleviate economic injury caused by the Coronavirus (COVID-19).
  • Applicants will be able to apply online, receive additional disaster assistance information and download applications at  opens in a new windowhttps://disasterloan.sba.gov/ela. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email  opens in a new windowdisastercustomerservice@sba.gov for more information on SBA disaster assistance. Individuals who are deaf or hard‑of‑hearing may call (800) 877-8339. Completed applications should be mailed to U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX  76155.
  • SBA Customer Service Representatives will be available to answer questions about SBA’s Economic Injury Disaster Loan program and explain the application process.
  • Eligibility for Economic Injury Disaster Loans is based on the financial impact of the Coronavirus (COVID-19). The interest rate is 3.75 percent for small businesses. The interest rate for private non-profit organizations is 2.75 percent.
  • SBA offers loans with long-term repayments in order to keep payments affordable, up to a maximum of 30 years and are available to entities without the financial ability to offset the adverse impact without hardship.
  • The deadline to apply for an Economic Injury Disaster Loan is Dec. 21, 2020.

For additional information, please visit the SBA disaster assistance website at opens in a new window SBA.gov/Disaster.

Click here to read the SBA press release announcing disaster assistance for Missouri.

Stay at Home orders issued

Columbia and Boone County Stay at Home Orders

Click on links for full orders.

 

Order of the City of Columbia Director of Public Health and Human Services Director

2019 Novel Coronavirus (“COVID-19”) Notice and Issuance of Rules and Regulations — Order No. 2020-03 — Stay at Home Order

 

Order of the Columbia/Boone County Public Health and Human Services Director — Boone County Order No. 2020-03C

2019 Novel Coronavirus (“COVID-19”) Notice and Issuance of Rules and Regulations — Stay at Home Order